What Law Firms Could Learn from Henry Ford

1908 Ford Model T ad from Oct. 1, 1908 Life ma...

1908 Ford Model T advertisement

Erica Andersen has written a great piece in Forbes magazine with 21 pithy quotes from the great industrialist Henry Ford.

He is probably a great man to listen to. He was a relentless technological innovator, based on his commitment to creating “the best possible goods at the lowest possible price.”

He focused on making ongoing changes in design and production that would drive down costs while improving the product.  For instance, the inaugural Model T, released for sale in 1908, cost $825 (about $22,000 in present-day dollars); by 1916, he had reduced the cost by more than half –  to $360, while increasing safety, reliability and speed.

Many law firms could benefit from ‘doing a Ford’ and finding more efficient processes for delivering their products!

Here then, for your reading pleasure: 21 inspiring quotes from this remarkable man:

There is one rule for the industrialist and that is: make the best quality goods possible at the lowest cost possible, paying the highest wages possible.

Coming together is a beginning; keeping together is progress; working together is success.

Don’t find fault, find a remedy.

Failure is simply the opportunity to begin again, this time more intelligently.

Whether you think you can, or you think you can’t – you’re right.

Anyone who stops learning is old, whether at twenty or eighty.  Anyone who keeps learning stays young.

Employers only handle the money – it is the customer who pays the wages.

Thinking is the hardest work there is, which is probably the reason so few engage in it.

The only real mistake is the one from which we learn nothing.

If I had asked people what they wanted, they would have said ‘faster horses.’

You can’t build a reputation on what you are going to do.

If there is any one secret of success, it lies in the ability to get the other person’s point of view and see things from that person’s angle as well as from your own.

Enthusiasm is the yeast that makes your hopes shine to the stars.

Vision without execution is just hallucination.

There is no man living who isn’t capable of doing more than he thinks he can do.

A business that makes nothing but money is a poor business.

I cannot discover that anyone knows enough to say what is and what is definitely not possible.

A business absolutely devoted to service will have only one worry about profits.  They will be embarrassingly large.

You don’t have to hold a position in order to be a leader.

Quality means doing it right when no one is looking.

To do more for the world than the world does for you – that is success.

Which is your favourite?

Check out Erika Andersen at http://www.forbes.com/sites/erikaandersen/

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